Maxim Crane is proud to announce the promotion of Lance Lotz as the new Branch Manager of the Tampa, Florida location. “Lance has nearly 25 years of Crane and Rigging experience. He started out working on the cranes as an oiler, then operator and continued to work throughout the country as a project manager, branch manager, sales rep and dispatcher as he learned every aspect of the business. He has the type of experience that is invaluable to our customers and to our other team members. Lance will be a tremendous asset to our client base along the Gulf Coast and throughout the state of Florida. Lance has a proven track record of facilitating growth, and we are extremely pleased and excited to have him leading our new expansion in the Tampa, Florida region”, stated Frank Bardonaro, Chief Operating Officer.

“The Florida region is one that we have focused on since the early 1980’s”, stated Bryan Carlisle, CEO of Maxim. We have continued to invest in the region organically and through acquisitions”, he continued. “The recent acquisition of Crane Rental Corporation combined with the AmQuip Crane fleet has placed Maxim in an extremely favorable position for our customers to feel confident that we can provide them with any type of crane and lifting services they need, anywhere and anytime in the state. We look forward to supporting Lance and the entire Maxim Family of Customers and Employees as we continue our investment in the region. Between our acquisitions and organic growth, Maxim has added over $100 million of cranes to the state of Florida over the past 24 months and we are excited to continue our focus on providing the region with the best people and equipment available”, said Carlisle.

“I’m looking forward to working with our customer base and team members of Maxim throughout Florida and the rest of the country,” stated Lance Lotz, Branch Manager of Maxim Crane in Tampa. “It is exciting to work for a company that is completely focused on growth and customer service. We understand that the key to our growth is our ability to attract and retain key team members and ensure that we can safely deliver the results that our customers need and deserve. We have already expanded our Tampa fleet and equipment offerings and will be relocating into a renovated facility. Our customers expect us to be their “one-stop-shop” and this new location will enable Maxim to continue to add the types of equipment and experienced personnel that our customers expect from Maxim facilitating our ability to provide the best service anytime and anywhere they need it”, continued Lotz.

Maxim Crane Works, LP is pleased to announce the promotion of Monty Glover, Jr., from Regional Operations Manager to the Vice President of the Mid-Atlantic Region.

“We are extremely proud to appoint Monty Glover as the Vice President of our Mid-Atlantic Region”, said Bryan Carlisle, CEO for Maxim. “Our team has been extremely successful in identifying our customer needs and matching the talent and equipment to support those requirements on a national platform. Maxim is confident that this is a region that will enable us to invest and expand with the growing needs of the region. We have invested over $40 million of equipment and resources into this strategic region over the past 12 months under the leadership and direction of Monty and his team. As we continue to invest and grow the region, we know that Monty is a proven leader who will ensure our customers and team members that we will have the equipment, services, and safety programs needed to facilitate growth well into the future”, he added.

“Monty has over 20 years of experience at Maxim Crane”, said Frank Bardonaro, COO for Maxim. “He has been successful throughout his career at Maxim, learning the business from the ground up. Monty began at Maxim working on the shop floor in 1996. He gained experience in every aspect of the operations, including dispatch, branch management, sales most recently, as Regional Operations Manager based in Charlotte. His experience in the industrial sector and specialty lifting services will enable Monty to lead our expansion from the Carolina’s into Virginia and other surrounding areas. He is extremely customer focused and results oriented and we are extremely honored to announce his promotion. We look forward to his continued success as we support Monty and his team as Maxim continues its growth throughout the region, ” continued Bardonaro.

Maxim Crane is consistently working to meet the growing demands of its customers. The Maxim Team is committed to recognizing regional and national needs to ensure we are providing the necessary coverage, safety, personnel and equipment to not only meet, but to exceed its customers’ expectations.

Recently, Maxim Crane expanded its Heavy Transportation and Rigging division with the addition of a new location in Bithlo, FL. The state-of-the-art facility is located on nearly 15 acres, provides both inside and outside storage and is strategically located to provide the Florida and eastern USA with complete heavy haul, rigging and lifting services. The Team that has been assembled averages more than 20 years of specialty lifting and rigging expertise per person and has proven their capabilities throughout the United States.

“We recognized the need to expand our heavy haul and rigging division for the purposes of customer reach, increase in inventory space, and to dedicate a location that solely concentrates on these services. It will allow our team to strategically place equipment throughout our regions and to offer turn-key lifting services including PST Goldhofer Trailers, Hydraulic Gantries, Strand-Jacks, Cantilever Beams, Jack and Slide Systems, and the Alternative Lift Tower (ALT),” stated Gulf Coast Manager, John Boone.

“The expansion into our new Heavy Haul Headquarters and strategic placement of equipment throughout the country with over 50 branch locations will allow us to be more competitive, while giving our current customers access to all the services offered by Maxim Crane Works, L.P.”, stated Frank Bardonaro, C.O.O. “We have listened to our customers and their need to have a “one-stop-shop” when it comes to the heavy lift cranes and the equipment packages. This could be anything from a large HVAC project to moving turbines across the region. John Boone and the team have the engineering and operational expertise to ensure the project is completed safely, on time and on budget”, he concluded.

Maxim Crane, the largest provider of crane related services in North America, has strengthened its Florida Tower Crane position by designating its Davenport, FL operation as the Center of Excellence for its Tower Crane Operations in the region. Maxim has converted its Central Florida location in Davenport to the Tower Crane Operations Headquarters for the Florida and Southeast Region. This will allow Maxim to be more strategically located to customers from Tallahassee to Naples with a targeted focus on the Tampa Region along the Gulf Coast of Florida.

“Maxim Crane has always held a very strong position in the Florida region regarding tower crane projects. Our strategically located branches in South Florida and Central Florida have allowed us to provide the safety, service, operated rentals and engineering services to support our customers throughout the state”, said Scott Brandstadt, Vice President of Sales for Tower Cranes. “We have made a very customer focused decision to ramp up the facilities in Davenport as part of our continuous improvement process here at Maxim. We have increased the amount of factory trained technicians, spare parts, refurbishment operations and sales force to meet the continued demands of our customers in the region. Our ability to provide service via our national “hub and spoke” system will be significantly improved with the additional services that we can now provide from the Central Florida and Tampa locations,” added Brandstadt.

“Florida has always been a core component of the Maxim Crane Organization and our long-term growth strategy”, said Frank Fioravanti, Vice President of the Florida Region for Maxim. “We have been here through the good times and the tough times, but we have always been here for our customers and team members. We have always been able to partner with our customers over the long run to ensure that they have the resources and support they need to remain profitable and competitive during every phase of the building cycles. The enhanced operations in Davenport will allow us to focus on up-time, reduced freight charges, improved response times and 100% turn-key solutions for tower crane projects throughout the region. We believe that the addition of the “Center of Excellence” for Tower Cranes based at the Davenport Hub will enable Maxim to continue to provide the levels of service and support required by our customers as we continue to expand our fleet and services, especially along the Gulf Coast of the State,” said Fioravanti.

“Our team in the Florida and Southeast Regions have always been customer focused groups. We have the right team, the right equipment and the laser focused approach to “Customer First” thinking that our clients deserve and require in today’s environment”, said Frank Bardonaro, Chief Operating Officer for Maxim. ” Brandstadt, Fioravanti and Matt Hyden, VP of the Tower Crane Division for Maxim, identified a need to improve the service and fleet offerings for our Tower customers as we continued to expand in the Southeastern USA, and especially, Florida. Our ability to support our fleet of nearly 400 tower cranes required a targeted approach to the region and the Davenport location is strategically located to ensure our customers that Maxim can be anywhere in the state within hours, not days. The goal was to improve safety, service and sales activities for our customer’s projects. The new Tower Crane Center of Excellence in Florida will provide the service levels needed to compete in today’s market as well as provide our customers with improved pricing for freight, erection and dismantlement across the state”, added Bardonaro.

“It has been exciting to integrate the Maxim, AmQuip and Crane Rental Corporation teams around the country, and especially in Florida”, said Hyden. “We know that our customers have a lot of choices, so we focus on providing them with every type of support they need to go from the pre-planning stage to the “topping out” phase of the project. Our in-house engineering, multi-million dollar parts inventory, factory trained technicians, support cranes and best in class sales team provides our customers with a true “one-stop-shop” for every phase of the tower crane project.” added Hyden. “We are excited to have the newly dedicated Tower Crane Facility in Central Florida, as it complements our Birmingham, Atlanta, Miami and Cincinnati Tower Crane Hubs in an accretive manner,” said Hyden.

“We are looking 5-15 years ahead right now”, said Bryan Carlisle, CEO for Maxim Crane. “We have the obligation to look at the markets today and work towards what our customers need today, as well as into the future to ensure their success as well as ours. Our increased presence in the Southeast Region, and especially Florida, will ensure that we have the equipment and resources needed for our customers. We are not just adding fleet and locations, but extremely talented people”, added Carlisle. “We feel that we have one of the best tower crane sales teams in the region. Doug Trawick and Scott Brandstadt lead a team that has more than 30 years of experience per person. However, we have also added David Lloyd to the tower crane division in order to focus on the Central Florida and Tampa markets. David has been part of the Maxim/ Crane Rental Corporation team for more than 30 years. He has worked in every aspect of the business and understands the customer needs as much as anyone I have ever known. We are especially pleased to announce that his focus on tower cranes for the Tampa and Central Florida markets will ensure our customers that Maxim will deliver what they need, anywhere and anytime they need it!” said Carlisle.

BRIDGEVILLE, PA; BUFFALO GROVE, IL – June 7, 2017 – Maxim Crane Works, L.P. (“Maxim”) and Essex Rental Corp. (OTC: ESSX) (“Essex”) today jointly announced the successful completion of the acquisition by Maxim of Coast Crane Company (“Coast”), an indirect subsidiary of Essex. Founded in 1970 and based in Seattle, Washington, Coast is one of the largest providers of bare crane rental and related lift solutions servicing the West Coast of the United States. Maxim’s acquisition of Coast meaningfully enhances Maxim’s full-service, nationwide crane rental and lifting solutions platform and expands its operations in one of the nation’s fastest growing crane rental markets.

The transaction, previously announced on April 20, 2017, was approved by the stockholders of Essex at a special meeting held on June 5, 2017. The acquisition was funded with the proceeds of an offering of Second-Priority Senior Secured Notes due 2024 issued by an affiliate of Maxim.

Maxim will begin integrating Coast with its existing operating business. Customers will continue to receive the same high quality service they have come to expect. Through Maxim’s coast-to-coast footprint, engineering, operated rentals and heavy haul services, the Coast team and customers will gain access to one of the largest modern fleets of full service lifting solutions in the world.

Bryan Carlisle, Chief Executive Officer of Maxim, stated “Coast Crane offers one of the most experienced teams of crane professionals in the region. Their state of the art fleet provides customers with a ‘best in class’ brand of products, parts, services and rental equipment. We are confident that the combination of Coast and Maxim will bring added value to our combined customer base, employees and the industry.”

Nick Matthews, Chief Executive Officer of Essex, stated “We believe that this transaction delivers the best current return for our shareholders and provides a good opportunity for our employees to work for a company positioned for growth due to its experienced management team, future business prospects and strong balance sheet.”

Stifel served as the exclusive financial advisor to Coast for the sale; and Brown Rudnick LLP served as Coast’s legal advisor. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as Maxim’s legal advisor.

About Coast Crane Founded in 1970, Coast serves more than 2,000 customers through a network of 11 branches in Alaska, British Columbia, California, Hawaii, Texas, Oregon and Washington. Coast owns more than 250 cranes and is a leading provider of crane and lifting equipment rental and sales, specializing in bare crane rentals. For more information about Coast, please visit https://www.coastcrane.com/.

About Maxim Crane WorksFounded in 1937, Maxim is one of the largest lifting solutions businesses in North America. Maxim, with its affiliated companies, serves more than 6,000 customers through its fleet of over 2,100 cranes situated in 46 branches. Maxim’s full suite of lift solutions include operated and maintained cranes, bare rental cranes, heavy haul / rigging services, and value-added advisory services. Maxim offers a full portfolio of cranes used in a variety of end markets. For more information about Maxim, please visit http://www.maximcrane.com/

Forward Looking Information DisclaimerSome of the statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements include statements regarding the parties’ intent and belief or current expectations and may be identified by the use of words like “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “will”, “should”, “seek”, the negative of these terms or other comparable terminology. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various assumptions and factors, many of which are beyond the parties’ control. Forward-looking statements are not guarantees of future performance, results or events.

Maxim Crane Acquires Crawler Crane Assets

Maxim Crane Works, LP has continued to expand its customer service focus by expanding into 5 new locations and acquiring the core fleet of crawler cranes from Essex Crane Rental Corp. In addition to acquiring the core fleet of crawler cranes, Maxim Crane Works has acquired additional branch facilities in Alabaster, AL; Kansas City, KS; Arcola, TX; Tampa, FL; and the Seattle WA area. “We are excited to continue our expansion into these new markets as well as adding the Essex core fleet to Maxim Crane Rental”, said Bryan Carlisle, CEO. “Maxim Crane is committed to being a true coast-to-coast lifting solutions provider to all of our customers. These new locations enable Maxim to offer full service operations in areas that we have previously covered on a project basis”, he added.

Maxim Crane Works, which recently completed the merger of AmQuip Crane Rental, now has 46 branches and over 2,500 cranes. “We are continuously improving our fleet mix, geographic coverage and team to meet the growing demands of our customers”, said Frank Bardonaro, COO. “The recent addition of AmQuip Crane, Crane Rental Corp. and now the Essex core fleet, has provides Maxim Crane with the most geographic coverage, one-stop-shop, and best talent available in the industry. The huge addition to our National Crawler Fleet now ensures that we can provide our customers with every type of crane needed, anywhere in the USA. Our strategy and results continue to reinforce our commitment to safety, service and profitable growth”, added Bardonaro.

“We have a very specific goal. Maxim Crane is committed to providing our customers with 24/7 lifting solutions that focus on safety, customers and our employees,” added Bryan Carlisle. “Our ability to ensure that our customers can rely on Maxim to service their projects anywhere and anytime is the ultimate driving force behind our corporate growth strategy. We are going to continue to rely on our experienced leadership team to identify regional and national needs of our customers to ensure that we are able to provide unmatched safety, service and coverage throughout the country”, he added.